The Swiss Connecticut: UBS to Keep Significant Presence in Stamford

UBS will maintain a significant presence in Stamford, Conn., according to people familiar with the situation.

The Swiss bank has been rumored for months to be weighing a move of its North American headquarters from Stamford to New York City. However, it isn’t currently clear how many employees will remain in Connecticut.

UBS’ plans to keep employees in the state came a few hours before Connecticut Gov. Dannel Malloy is scheduled to join Phil Lofts, chief executive of UBS Americas, at a press conference where they will make a “major announcement” about the company’s future in the state.